Johnson & Johnson Trading Analysis (07/04/2025)
The trend is ascending. The stock is trading in the range between 365 and 135 ЕМАs. The downward wave structure is truncated. There is a bullish divergence on the Awesome Oscillator and on the Stochastic Oscillator.
Trade idea:
- Buy when the formation of the ascending wave structure begins, when wave A breaks the sloping channel of the truncated downtrend structure.
- Stop-loss below the local minimum of the descending structure.
- Price targets at 164.00 and 169.30.
#johnsonandjohnson #stock #tradersroom #daytradingpatterns
